Deutsche Bank in talks to sell IT unit as it trims staff - sources

Deutsche Bank in talks to sell IT unit as it trims staff - sources

Reuters  | Oct 22, 2020 09:15

Deutsche Bank in talks to sell IT unit as it trims staff - sources

FRANKFURT/NEW DELHI (Reuters) - Germany's Deutsche Bank (DE:DBKGn) is in talks to sell IT services division Postbank Systems, people with knowledge of the matter said on Thursday.

A potential buyer is India's Tata Consultancy Services (NS:TCS), the people said.

Postbank Systems has around 1,400 employees, mainly in the German city of Bonn. A sale would help Deutsche reach its goal of shedding 18,000 staff overall to cut costs and restore profitability.

Bloomberg News first reported the development.

© Reuters. FILE PHOTO: Germany's Deutsche Bank headquarters are pictured in Frankfurt

Deutsche Bank and TCS declined to comment.


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Intel lect
Intel lect

Reuters running away from all that messy previous report posted since you Reuters are the major contributer destroying countries economies with your constant Fake corrupt and disgust messages on countries struggling for can you imagine if any european country media will have such time as Reuters destroying and fake made up internet on UK by broadcasting fake news the UK would have collapsed 20 years ago so thank your stars reuters that in the EU the medias fo not brosdcast fake news on UK to destroy its economy as your media specifically target Germany for not to long ago Reuters were dismissed from tne EU - are you still active in the EU or your messages are copy and paste made up newsa solely targeting THE EAGLE GERMANY - fake reiters lol  ... (Read More)

Oct 22, 2020 09:48 GMT· Reply
Intel lect
Intel lect

Asia countries taking lead gradually... already India overtook UK global position to 5th worldwide.... Germany also shifted couple of years ago to China and the later to Japan to 4th   ... (Read More)

Oct 22, 2020 08:04 GMT· Reply
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